Geopolitics

🇧🇷🇺🇸-  Book: Making Things Think: https://holloway.com/mtt. Investor in Wander, Carry, Footprint, Merkle Manufactory (Farcaster), Dynamic, Paragraph.

To be fair, ~10% CN growth was never sustainable

BRI is slowing

Real estate dev: Evergrande is being forced to liquidate holdings, Country Garden is missing bond payments

lowest consumer confidence in 20yrs

This is likely to improve the relationship between the US and CN as they try to improve domestic economy

For sure. Real estate contributes almost a third of Chinese GDP, and is in serious trouble now (with evergrande being the tip of the iceberg)

(it was at 8%, it has dropped to 7.2%, this is a bad measure. The US has been at a minus for ages)